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Historic Brooklyn Bank Building Could Become a Cannabis Store

Historic Brooklyn Bank Building Could Become a Cannabis Store

by Phil Hall | Oct 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A historic bank building in Brooklyn that has been vacant since the pandemic may soon have a new life as a cannabis retail store. According to a report from the Greenpointers blog, the Greenpoint Savings Bank building, a Neo-Classical style structure that opened in...
City of Atlanta Acquires Historic Mall to Become Mixed-Use Project

City of Atlanta Acquires Historic Mall to Become Mixed-Use Project

by Phil Hall | Oct 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The City of Atlanta has acquired the historic Mall West End, which will be redeveloped into a mixed-use project. The redevelopment process is budgeted at $450 million and is expected to begin in 2025, with phase one completion slated for 2026. The current plan for the...
CMBS Delinquency Rate Rises to 5.70%

CMBS Delinquency Rate Rises to 5.70%

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) increased by rose 26 basis points this month to 5.70%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 131 basis points from 4.39%. While most of the...
Simon Property Group Unveils Marketing Campaign to Encourage Mall Shopping

Simon Property Group Unveils Marketing Campaign to Encourage Mall Shopping

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate investment trust Simon Property Group (NYSE: SPG) has rolled out a new marketing campaign to bring consumers back to its shopping malls. The campaign, dubbed “Meet Me @themall,” seeks to reach different generations by tapping into nostalgia...
Hits and Misses for the Real Estate Week of Sept. 23-27

Hits and Misses for the Real Estate Week of Sept. 23-27

by Phil Hall | Sep 27, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kamala Harris talks about housing, Kmart disappears from the retail scene and an Oscar nominee turns landlord. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Sept. 23-27. Miss: Another Bowl of Word Salad. Vice President...
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